Monday, October 24, 2016

The market is perpetually trendless. Since there is not a whole lot to report on, we’ll just simply update the charts.


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2097.90 on any day during the week.

screen-shot-2016-10-21-at-9-35-30-pm

S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2098.86 on Friday, October 28, 2016.

screen-shot-2016-10-21-at-9-23-42-pm


S&P 500 (SPX) LONG TERM OUTLOOK: BULLISH

Neutral if monthly SPX closes below 2098.86 on Monday, October 31, 2016. 


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